If You Post a Purchase Invoice with 2018 as the Year

question 38

Multiple Choice

If you post a purchase invoice with 2018 as the year in the date field when the fiscal year is 2020 -

• A)Sage 50 Accounting will not post the transaction
• B)Sage 50 Accounting will post the purchase with a reminder that prior fiscal period reports are affected
• C)Sage 50 Accounting will ask for confirmation that the date is correct and then post the entry
• D)Sage 50 Accounting will warn you of the error and then close the journal

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Definitions:

Offshoring

The practice of relocating company operations or functions to another country to reduce costs or access skilled labor.

Multinational Corporation

A company that operates in multiple countries, managing production or delivering services in more than one country.

Labor Cost

The total expense incurred by employing labor, including wages, salaries, and benefits.

Private Enterprise System

A private enterprise system is an economic system where private individuals or businesses own and operate the means of production and distribution of goods and services.